Optional loan -- use or exchange -- applicability of entire chapter

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70-7-101. Optional loan -- use or exchange -- applicability of entire chapter. A loan that the borrower is allowed by the lender to treat as a loan for use or for exchange, at the borrower's option, is subject to all of the provisions of this chapter.

History: En. Sec. 2571, Civ. C. 1895; re-en. Sec. 5202, Rev. C. 1907; re-en. Sec. 7716, R.C.M. 1921; Cal. Civ. C. Sec. 1903; Field Civ. C. Sec. 962; re-en. Sec. 7716, R.C.M. 1935; R.C.M. 1947, 47-115; amd. Sec. 2096, Ch. 56, L. 2009.


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